David Lenigas, Executive Chairman, Rincon Resources. Topic of conversation on this forum. Ref: "Mexico values its S O N O R A lithium deposits at $600bn."-Mining.com, 22.10.22 "..Could be worth as much as $602 BILLION according to a recent FINANCE MINISTRY REPORT."
Note: Finance Ministry as Mexican Govt Finance Ministry report @valuation for SONORA. Sonora is synonymous with David Lenigas of REM plc. Lord Orr of Bacanora asked DL if he could fund the drilling because they could not get financing at the time in Canada. REM plc was a shell then. So, SONORA was funded by REM plc ie the drilling. And he can work fast re: drill, drill, drill. Ganfeng took over Bacanora for $391m. Then, the Mexican govt nationalised Sonora. Now, Ganfeng may go to the international tribunal. All in the public domain and REM plc in JV with Ganfeng.
o So, RINCON RESOURCES AT WEST ARUNTA WILL BE FOR THE HISTORY BOOK - Only the drill will tell if it is a potential substantial discovery. Dyor. NIA.
RCR Price at posting:
14.5¢ Sentiment: None Disclosure: Held
